LMCU Budget Tool: All Your Finances, All in One Place.
When you're juggling checking and savings accounts, loan payments, retirement savings, and more, it can be easy to lose sight of your overall financial health. That's why LMCU offers its members FREE access to the budget tool, an easy-to-use tool where you can view your entire financial portfolio in one place.
Using the Budget Tool is as easy as signing on to your online banking account or mobile app. The interface tracks spending, debts, and budgets in clear data visualizations that help you identify trends and set goals to improve your financial wellness across all of your accounts.
Here are some of the cutting-edge financial management features that make the Budget Tool so powerful.
View ALL of your Accounts All in One Place
The Budget Tool allows you to view all your finances, including accounts with other financial institutions, in a single interface. It eliminates the need to log in to multiple different online accounts on a regular basis just to see how your finances are looking.
This budgeting tool is available in both desktop and mobile versions so you can access your information anywhere, any time.
You can also see all your debts in one place with the Budget Tool, along with corresponding balances and interest rates. The simple interface offers up a clear picture of where you stand, so you can plan your next steps. You can even order debt by priority.
Track Spending and Identify Trends
From mortgages to loans, credit cards to retirement savings, you'll be able to merge all your data to gain a complete picture of where and how you're spending your money.
The Budget Tool automatically categorizes your spending and updates in real-time. This makes it easy to identify trends and make regular check-ins without ever having to tackle a spreadsheet. You can assess spending by category, graphed out over time, to take a deeper dive into your spending habits and discover opportunities for saving money.
Create a Budget Online
You can use the Budget Tool to auto-generate budgets based on your spending history, income, debts, and expenses. The interface communicates this data in colorful budget bubbles that easily and instantly visualize your finances.
You can also interact with these bubbles to view historical monthly budget data, change your projected income, or create custom budget categories.
Set Timely Alerts
A big part of smart money management is about time management: making on-time payments, planning ahead, and saving enough money for your future. You can sign up to receive alerts via email or text to make sure you're monitoring your accounts when you need to be.
Ready to explore your finances in a new way? If you're already an LMCU member with online banking, simply select the Budget Tool tab in your online banking account to get started.
Topics: Wallet Wisdom